2023
Exports
$11.9MWorld Rnk 22 / 97
Flag Rnk 845 / 1212
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2023
Imports
$119MWorld Rnk 4 / 176
Flag Rnk 406 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $11.9M in Magnesium, making it the 22nd largest exporter of Magnesium in the world. At the same year, Magnesium was the 845th most exported product in India. The main destination of Magnesium exports from India are: United States ($5.37M), Saudi Arabia ($1.12M), Turkey ($920k), United Arab Emirates ($778k), and Australia ($601k).

The fastest growing export markets for Magnesium of India between 2022 and 2023 were Hong Kong ($591k), Australia ($386k), and Saudi Arabia ($305k).

Imports In 2023, India imported $119M in Magnesium, becoming the 4th largest importer of Magnesium in the world. At the same year, Magnesium was the 406th most imported product in India. India imports Magnesium primarily from: China ($112M), Russia ($1.6M), United Kingdom ($1.51M), Chile ($515k), and Switzerland ($511k).

The fastest growing import markets in Magnesium for India between 2022 and 2023 were Russia ($1.6M), Oman ($501k), and Turkey ($464k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Magnesium. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.9M
IMPORTS (2023)$119M
NET TRADE (2023)-$107M

In 2023, India exported $11.9M in Magnesium. The main destinations of India exports on Magnesium were United States ($5.37M), Saudi Arabia ($1.12M), Turkey ($920k), United Arab Emirates ($778k), and Australia ($601k).

In 2023, India imported $119M in Magnesium, mainly from China ($112M), Russia ($1.6M), United Kingdom ($1.51M), Chile ($515k), and Switzerland ($511k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR India WERE (2022 - 2023):
Hong Kong$591k (1%)
Australia$386k (180%)
Saudi Arabia$305k (37.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY India WERE (2022 - 2023):
United States-$12.8M (-70.5%)
Brazil-$3.22M (-89.5%)
Czechia-$888k (-89.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Magnesium were:
In 2023, India's main importing competitors in Magnesium were:

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.31M
TOP IMPORT POTENTIALChina+ $58.4M

Magnesium’s highest export potential is United States. With an export gap of $5.31M.   Magnesium’s highest import potential is China with an import gap of $58.4M.

See methodology.

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